....Persaud’s starting point is that Britain already has a financial transaction tax, and has had one for more than 300 years. It is called stamp duty
, which is levied on the purchase of shares issued by British companies, and raises just over £3bn a year, half of it from citizens of other countries. ...
[Read full article on Guardian
Sunday 23rd of July 2017 12:35:11 PM
....Another option is to buy the property together, but this can backfire taxwise, he warns:. “If your name is on the property title it may be treated as a second home purchase, which means you incur the 3 per cent stamp duty
surcharge, and may be liable to pay capital gains tax (CGT) on any sale profit. ...
[Read full article on Daily Express
Sunday 23rd of July 2017 10:30:00 AM